New Issue: HSBC USA prices $780,000 buffered PLUS linked to S&P 500

Chicago, Oct. 4 – HSBC USA Inc. priced $780,000 of 0% buffered PLUS due July 13, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return subject to a maximum return of par plus 14.25%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered PLUS
Underlying index:	S&P 500 index
Amount:	$780,000
Maturity:	July 13, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return subject to a maximum return of par plus 14.25%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	4,587.18
Buffer:	10%
Upside leverage:	200%
Cap:	14.25%
Pricing date:	Feb. 9
Settlement date:	Feb. 14
Agent:	HSBC Securities
Fees:	0%
Cusip:	40439JA47

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